Conceptual open-pit shells at La Verde hint at a decent chunk of ore to feed Costa Fuego’s hub. The conceptual shells are in their early days – and include exploration targets only per compliance rules – but the setup mirrors the porphyry-style nailed at Costa Fuego’s Cortadera and Productora deposits.
The drilling is part of a broader resource push, which couldn’t come at a better time. While gold prices stay white-hot, copper is having another price run after the world’s second-largest copper mine, Grasberg in Indonesia, experienced a catastrophic mudslide, in which 800,000t of “wet material” slid into the mine. Two workers were killed and five are missing.
Copper supply is tight these days and, with the constant electrification push, it’s bound to gain more momentum.
Hot Chili is keeping the market posted on results as they roll in. As La Verde’s drills spin and Costa Fuego’s plans hum, the company looks ready to keep the motor revving on its Chile copper belt production story.
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